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54 Pages«<5051525354>
Bitcoin: Does it have a future ?
snifadog
#1021 Posted : Tuesday, April 23, 2019 10:11:58 AM
Rank: Member


Joined: 6/6/2016
Posts: 113
Location: Nairobi
wazua forum is changing, the old guard is being replaced. Newer and younger members are moving towards digital assets as opposed to buying zombie shares on the NSE and shambas in the middle of nowhere only to get shafted by boomers. Mugunda you will be eating that dust that you sing about, this gov't will take another decade to bring good infrastructure to the DC, those works will be swiftly abandoned once the contractors can't get paid
MugundaMan
#1022 Posted : Tuesday, April 23, 2019 3:54:05 PM
Rank: Veteran


Joined: 1/8/2018
Posts: 1,700
Location: DC (Dustbowl County)
snifadog wrote:
wazua forum is changing, the old guard is being replaced. Newer and younger members are moving towards digital assets as opposed to buying zombie shares on the NSE and shambas in the middle of nowhere only to get shafted by boomers. Mugunda you will be eating that dust that you sing about, this gov't will take another decade to bring good infrastructure to the DC, those works will be swiftly abandoned once the contractors can't get paid


Snifadog it's okay to dream in digital colour, then when you wake up and come back to reality you will still be standing on a Mugunda like you are doing right now. Even digital assets are created by human beings sitting on a Mugunda. Funny how you cannot see that mugunda is the mother of all assets. Booms and busts and fads and digital assets come and go each decade yet mugunda they sit on ni ile ile. Remember the CD? Came and went. Napster? Came and went. Worldcom? Came and went. These are multi-billion dollar industries. But where has Mugunda gone since God created it over 5000 years ago. Iko tu hapa hapa shwaaaaaa relaxed and comfy and growing in value each day smile
"The fool says in his heart, "There is no God." - Psalm 14:1
Dustbowl County is the Future of Kenya.
**1700 posts = Adios (for real this time!)**
sparkly
#1023 Posted : Tuesday, April 23, 2019 3:59:30 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,846
Location: Enk are Nyirobi
MugundaMan wrote:
snifadog wrote:
wazua forum is changing, the old guard is being replaced. Newer and younger members are moving towards digital assets as opposed to buying zombie shares on the NSE and shambas in the middle of nowhere only to get shafted by boomers. Mugunda you will be eating that dust that you sing about, this gov't will take another decade to bring good infrastructure to the DC, those works will be swiftly abandoned once the contractors can't get paid


Snifadog it's okay to dream in digital colour, then when you wake up and come back to reality you will still be standing on a Mugunda like you are doing right now. Even digital assets are created by human beings sitting on a Mugunda. Funny how you cannot see that mugunda is the mother of all assets. Booms and busts and fads and digital assets come and go each decade yet mugunda they sit on ni ile ile. Remember the CD? Came and went. Napster? Came and went. Worldcom? Came and went. These are multi-billion dollar industries. But where has Mahinda gone since God created it over 5000 years ago. Iko tu hapa hapa shwaaaaaa relaxed and comfy and growing in value each day smile


Migundas were created 5,000 years ago Sad Sad Sad
Life is short. Live passionately.
MugundaMan
#1024 Posted : Tuesday, April 23, 2019 4:05:06 PM
Rank: Veteran


Joined: 1/8/2018
Posts: 1,700
Location: DC (Dustbowl County)
sparkly wrote:
MugundaMan wrote:
snifadog wrote:
wazua forum is changing, the old guard is being replaced. Newer and younger members are moving towards digital assets as opposed to buying zombie shares on the NSE and shambas in the middle of nowhere only to get shafted by boomers. Mugunda you will be eating that dust that you sing about, this gov't will take another decade to bring good infrastructure to the DC, those works will be swiftly abandoned once the contractors can't get paid


Snifadog it's okay to dream in digital colour, then when you wake up and come back to reality you will still be standing on a Mugunda like you are doing right now. Even digital assets are created by human beings sitting on a Mugunda. Funny how you cannot see that mugunda is the mother of all assets. Booms and busts and fads and digital assets come and go each decade yet mugunda they sit on ni ile ile. Remember the CD? Came and went. Napster? Came and went. Worldcom? Came and went. These are multi-billion dollar industries. But where has Mahinda gone since God created it over 5000 years ago. Iko tu hapa hapa shwaaaaaa relaxed and comfy and growing in value each day smile


Migundas were created 5,000 years ago Sad Sad Sad


"One liner Einstein",
Yes-oo.
And please do not ruin this beautiful thread with your usual hopeless "tangents" smile
"The fool says in his heart, "There is no God." - Psalm 14:1
Dustbowl County is the Future of Kenya.
**1700 posts = Adios (for real this time!)**
mamilli
#1025 Posted : Tuesday, April 23, 2019 6:15:17 PM
Rank: Member


Joined: 10/6/2015
Posts: 202
Location: Nairobi
Hizi baradhuli zimetumwa nanani huku kukojolea thread,what sort of f***ery is this?
The Bitcoin standard.
MugundaMan
#1026 Posted : Tuesday, April 23, 2019 8:18:30 PM
Rank: Veteran


Joined: 1/8/2018
Posts: 1,700
Location: DC (Dustbowl County)
mamilli wrote:
Hizi baradhuli zimetumwa nanani huku kukojolea thread,what sort of f***ery is this?



Sorry mbradza, did we crush your tumbling bitcoin dreams with no compunction? Laughing out loudly Laughing out loudly Laughing out loudly
Sawa let me migrate from this thread but when you lose your shirts as bitcoin tumbles to zero, usiseme hujaambiwa.Again I repeat, what are bitcoin's fundamentals. Bitcoiners and Elliotwavers are two sides of the same coin - pun fully intended. Trading in smoke! WHat is the P/E of smoke? and the EPS? Zero!
"The fool says in his heart, "There is no God." - Psalm 14:1
Dustbowl County is the Future of Kenya.
**1700 posts = Adios (for real this time!)**
mamilli
#1027 Posted : Wednesday, April 24, 2019 7:41:20 PM
Rank: Member


Joined: 10/6/2015
Posts: 202
Location: Nairobi
MugundaMan wrote:
mamilli wrote:
Hizi baradhuli zimetumwa nanani huku kukojolea thread,what sort of f***ery is this?



Sorry mbradza, did we crush your tumbling bitcoin dreams with no compunction? Laughing out loudly Laughing out loudly Laughing out loudly
Sawa let me migrate from this thread but when you lose your shirts as bitcoin tumbles to zero, usiseme hujaambiwa.Again I repeat, what are bitcoin's fundamentals. Bitcoiners and Elliotwavers are two sides of the same coin - pun fully intended. Trading in smoke! WHat is the P/E of smoke? and the EPS? Zero!


Hehe..shindwe kabisa.
The Bitcoin standard.
mamilli
#1028 Posted : Wednesday, April 24, 2019 8:44:45 PM
Rank: Member


Joined: 10/6/2015
Posts: 202
Location: Nairobi
For those fixated on "fundamentals" of Bitcoin,I will direct you to https://woobull.com
You'll find several valuation metrics including:
https://woobull.com/intr...-it-to-detect-bubbles/.

As for me the only fundamendo I care about is "a Bitcoin block being produced every 10 minutes"
The Bitcoin standard.
hardwood
#1029 Posted : Wednesday, April 24, 2019 10:00:45 PM
Rank: Elder


Joined: 7/28/2015
Posts: 8,668
mamilli wrote:
MugundaMan wrote:
mamilli wrote:
Hizi baradhuli zimetumwa nanani huku kukojolea thread,what sort of f***ery is this?



Sorry mbradza, did we crush your tumbling bitcoin dreams with no compunction? Laughing out loudly Laughing out loudly Laughing out loudly
Sawa let me migrate from this thread but when you lose your shirts as bitcoin tumbles to zero, usiseme hujaambiwa.Again I repeat, what are bitcoin's fundamentals. Bitcoiners and Elliotwavers are two sides of the same coin - pun fully intended. Trading in smoke! WHat is the P/E of smoke? and the EPS? Zero!


Hehe..shindwe kabisa.


I agree with Warren Buffett 100%.

https://www.cnbc.com/201...coin-is-a-delusion.html

Quote:
Warren Buffett says bitcoin is a ‘delusion’ and ‘attracts charlatans’

“Bitcoin has no unique value at all,” Buffett told CNBC’s Becky Quick in a “Squawk Box ” interview Monday. “It is a delusion, basically.”

The Berkshire Hathaway CEO said he is sympathetic to optimists who bought the world’s largest cryptocurrency in hopes that “it would change their lives.” Bitcoin has lost more than 80 percent of its value since reaching a high near $20,000 at the end of 2017. The cryptocurrency was trading near $3,781 on Monday, according to CoinDesk.

“It attracts charlatans,” Buffett said. “If you do something phony by going out and selling yo-yos or something, there’s no money in it — but when you get into Wall Street, there’s huge money.”

“Bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day and no little bitcoins come out. It’s a delusion basically.” Buffett added.

Buffett has been a long-time critic of cryptocurrency. He called bitcoin “probably rat poison squared,” ahead of the 2018 Berkshire Hathaway annual shareholder meeting. A “mirage,” “not a currency,” and “tulips” are among the descriptors Buffett has used for bitcoin, according to CNBC’s Warren Buffett Archive.

Buffett is not alone in his skepticism. Business leaders including Bill Gates, economists Nouriel Roubini and Robert Shiller, and fund managers Ray Dalio and Howard Marks are among those who have questioned bitcoin’s legitimacy.


NB:
delusion
/dɪˈluːʒ(ə)n/
noun
an idiosyncratic belief or impression maintained despite being contradicted by reality or rational argument, typically as a symptom of mental disorder.

charlatan
/ˈʃɑːlət(ə)n/
noun
a person falsely claiming to have a special knowledge or skill.
Spikes
#1030 Posted : Wednesday, April 24, 2019 11:51:35 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,537
Location: Mombasa
hardwood wrote:
mamilli wrote:
MugundaMan wrote:
mamilli wrote:
Hizi baradhuli zimetumwa nanani huku kukojolea thread,what sort of f***ery is this?



Sorry mbradza, did we crush your tumbling bitcoin dreams with no compunction? Laughing out loudly Laughing out loudly Laughing out loudly
Sawa let me migrate from this thread but when you lose your shirts as bitcoin tumbles to zero, usiseme hujaambiwa.Again I repeat, what are bitcoin's fundamentals. Bitcoiners and Elliotwavers are two sides of the same coin - pun fully intended. Trading in smoke! WHat is the P/E of smoke? and the EPS? Zero!


Hehe..shindwe kabisa.


I agree with Warren Buffett 100%.

https://www.cnbc.com/201...coin-is-a-delusion.html

Quote:
Warren Buffett says bitcoin is a ‘delusion’ and ‘attracts charlatans’

“Bitcoin has no unique value at all,” Buffett told CNBC’s Becky Quick in a “Squawk Box ” interview Monday. “It is a delusion, basically.”

The Berkshire Hathaway CEO said he is sympathetic to optimists who bought the world’s largest cryptocurrency in hopes that “it would change their lives.” Bitcoin has lost more than 80 percent of its value since reaching a high near $20,000 at the end of 2017. The cryptocurrency was trading near $3,781 on Monday, according to CoinDesk.

“It attracts charlatans,” Buffett said. “If you do something phony by going out and selling yo-yos or something, there’s no money in it — but when you get into Wall Street, there’s huge money.”

“Bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day and no little bitcoins come out. It’s a delusion basically.” Buffett added.

Buffett has been a long-time critic of cryptocurrency. He called bitcoin “probably rat poison squared,” ahead of the 2018 Berkshire Hathaway annual shareholder meeting. A “mirage,” “not a currency,” and “tulips” are among the descriptors Buffett has used for bitcoin, according to CNBC’s Warren Buffett Archive.

Buffett is not alone in his skepticism. Business leaders including Bill Gates, economists Nouriel Roubini and Robert Shiller, and fund managers Ray Dalio and Howard Marks are among those who have questioned bitcoin’s legitimacy.


NB:
delusion
/dɪˈluːʒ(ə)n/
noun
an idiosyncratic belief or impression maintained despite being contradicted by reality or rational argument, typically as a symptom of mental disorder.

charlatan
/ˈʃɑːlət(ə)n/
noun
a person falsely claiming to have a special knowledge or skill.


Is Warren buffet your god of investment decisions? you should know Warren Buffet ni mzee kama babu yako very difficulty for a old geezer to understand blockchain technology.
Just like energy that mines it, Bitcoin is never created nor destroyed. ...cryptography 101
Aleksks
#1031 Posted : Wednesday, May 01, 2019 10:03:25 AM
Rank: New-farer


Joined: 9/19/2018
Posts: 10
I believe that bitcoin itself is the future. The only problem of the Bitcoin is to face the people who will never accept the bitcoin, those who will not benefit from it and those who will fully against it. I believe it will continue to develop. It is already applied as a coin payment method ( https://cryptolinks.com/coin-payments ) to many services, merchants, stores and other stuffs that we can use and exchange together with real products. So we'll see how it works out.
Spikes
#1032 Posted : Thursday, May 02, 2019 8:47:13 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,537
Location: Mombasa
Aleksks wrote:
I believe that bitcoin itself is the future. The only problem of the Bitcoin is to face the people who will never accept the bitcoin, those who will not benefit from it and those who will fully against it. I believe it will continue to develop. It is already applied as a coin payment method ( https://cryptolinks.com/coin-payments ) to many services, merchants, stores and other stuffs that we can use and exchange together with real products. So we'll see how it works out.


Crytocurrency is at early stage like internet in 1990s. Who knew internet will become a big thing ? Bitcoin is the next big thing in cyberspace.
Just like energy that mines it, Bitcoin is never created nor destroyed. ...cryptography 101
mamilli
#1033 Posted : Friday, May 03, 2019 1:14:54 PM
Rank: Member


Joined: 10/6/2015
Posts: 202
Location: Nairobi
Like a Phoenix from the ashes,BTC arises.Bulls charging to test 6k resistance already (despite the Tether FUD) leaving permabears terribly confused.
The Bitcoin standard.
rwitre
#1034 Posted : Friday, May 03, 2019 6:35:43 PM
Rank: Member


Joined: 3/8/2018
Posts: 289
Location: Nairobi
mamilli wrote:
Like a Phoenix from the ashes,BTC arises.Bulls charging to test 6k resistance already (despite the Tether FUD) leaving permabears terribly confused.



It charges forward with a few pit stops to offload profit-takers. Applause Applause
Spikes
#1035 Posted : Saturday, May 04, 2019 6:50:28 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,537
Location: Mombasa
rwitre wrote:
mamilli wrote:
Like a Phoenix from the ashes,BTC arises.Bulls charging to test 6k resistance already (despite the Tether FUD) leaving permabears terribly confused.



It charges forward with a few pit stops to offload profit-takers. Applause Applause


It rises very fast amid naysayers lagging sentiment. @obiero, @mugundaman and crew wamekaa wameng'etia tu.Pray Pray Pray
Just like energy that mines it, Bitcoin is never created nor destroyed. ...cryptography 101
obiero
#1036 Posted : Saturday, May 04, 2019 8:36:58 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,458
Location: nairobi
Spikes wrote:
rwitre wrote:
mamilli wrote:
Like a Phoenix from the ashes,BTC arises.Bulls charging to test 6k resistance already (despite the Tether FUD) leaving permabears terribly confused.



It charges forward with a few pit stops to offload profit-takers. Applause Applause


It rises very fast amid naysayers lagging sentiment. @obiero, @mugundaman and crew wamekaa wameng'etia tu.Pray Pray Pray

Premature! It will turn flaccid
COOP 5,500; KCB 3,700; KQ 221,100
Metaur
#1037 Posted : Monday, May 06, 2019 4:13:34 PM
Rank: New-farer


Joined: 2/12/2019
Posts: 31
Bitcoin has a future, but only if the pioneers are serious enough to ensure it does not collapse midway. The problem I have with Bitcoin is that its not stable enough to earn many people's trust, including my own. If big investors would seriously take charge as well as governments, then Bitcoin lovers do have a future
mamilli
#1038 Posted : Monday, May 06, 2019 4:30:40 PM
Rank: Member


Joined: 10/6/2015
Posts: 202
Location: Nairobi
Metaur wrote:
Bitcoin has a future, but only if the pioneers are serious enough to ensure it does not collapse midway. The problem I have with Bitcoin is that its not stable enough to earn many people's trust, including my own. If big investors would seriously take charge as well as governments, then Bitcoin lovers do have a future


Is Fidelity big enough for you?

https://www.bloomberg.co...ks?srnd=cryptocurrencies
The Bitcoin standard.
Spikes
#1039 Posted : Wednesday, May 08, 2019 8:19:50 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,537
Location: Mombasa
https://www.coindesk.com...crypto-exchange-binance

The exchange says it has frozen withdrawals and deposits for the next one week. I stand in solidarity with Binance exchange and those users whose accounts were affected. My funds are safe though.
The announcement of this infamous security breach caused the Bitcoin to wobble slightly going down by $260 in all markets but it recovered to the greens later to maintain bullish momentum.
Just like energy that mines it, Bitcoin is never created nor destroyed. ...cryptography 101
rwitre
#1040 Posted : Wednesday, May 08, 2019 10:19:02 AM
Rank: Member


Joined: 3/8/2018
Posts: 289
Location: Nairobi
Spikes wrote:
https://www.coindesk.com/hackers-steal-40-7-million-in-bitcoin-from-crypto-exchange-binance

The exchange says it has frozen withdrawals and deposits for the next one week. I stand in solidarity with Binance exchange and those users whose accounts were affected. My funds are safe though.
The announcement of this infamous security breach caused the Bitcoin to wobble slightly going down by $260 in all markets but it recovered to the greens later to maintain bullish momentum.


Solidly in a bull market. Onwards with the charge.
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